September 19, 2016

Selling Points: Bed-Stuy Portfolio Fetches $13M

News Property News

Real Estate Weekly

TerraCRG has sold a three-building Bed-Stuy apartment portfolio for $12.8 million.

The multi-family buildings located at 186 & 194 Herkimer Street and 643 Madison Street were sold by a team that included Matt Cosentino, Ofer Cohen, Eric Satanovsky and David Algarin.

The sale price equates to approximately $670 psf, according to Cosentino who added, “These buildings were very well designed and constructed, which assisted us in generating huge interest in the properties.

Read more here.